The value of cryptocurrency market has truly soared to a remarkable $2.45 trillion, marking a 7.9% increase. Bitcoin is at the top of this rise; it has been unstable for a few days but has since come back. This is also being used by other coins, such as Solana (SOL).
CoinMarketCap says that Solana is now worth $151.62, which is 1.4% more than it was yesterday. A well-known market expert named Ali Martinez says that the price of Solana could go up or down by 53% from where it is now, and it could even reach new highs.
Solana Gains Elon’s Attention
Martinez is hopeful because Solana is likely to break out of its trend of an ascending triangle. People who want to buy SOL should keep an eye on its support levels at $143 and $178 to see where it goes from here.
Right now, SOL has the sixth-largest market capitalization of any digital currency. This makes it a major player in the altcoin ecosystem. It’s becoming clear that Solana’s Dogwifhat is becoming more valuable and well-known. Elon Musk, the CEO of Tesla, even told him about it, which made it look even better.
To get Solana to the level that is predicted, $178, the number of buyers must stay the same and the price must peak close to this goal. Martinez was hopeful, and if this happens, it will come true. SOL will do even better in the market.
This isn’t true for everyone in the business, though. A significant bank, JPMorgan Chase, has said that it doesn’t think SOL and other altcoins will do well. This makes people wonder if crypto ETFs are really useful. Many people who follow the market are still cautiously optimistic and looking for ways to make money from the changes in SOL’s price.
The cryptocurrency market is making a strong comeback as a whole, but the next few days will be very important for Solana’s success. Martinez thinks it will happen, so if it can get past the levels of resistance, it could go against recent negative predictions and make its place in the world of digital currencies stronger.
